Tag Archives: budget

No cash in Budget for 'no-deal' Brexit, says Hammond

Taxpayers’ money should not be spent on preparing for a “no-deal” Brexit, Chancellor Philip Hammond has said. Writing in the Times ahead of next month’s Budget, Mr Hammond said he would spend only when it was “responsible” to do so. The chancellor said he had a responsibility to be “realistic” about the challenges of leaving the EU. His comments came after Theresa May refused to say on Tuesday how she would vote in another EU referendum. After the prime minister revealed this week that the government had plans for a ...

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Nonprofit that pulled Mar-a-Lago fundraiser says it faces 'devastating' budget shortfall

Trump dissolves business councils A charity that decided to cancel a fundraiser at President Trump’s Mar-a-Lago club now says it could run into financial trouble. The Unicorn Children’s Foundation said Tuesday that it won’t be able to reschedule the luncheon it had planned for January 2018. “Mar-a-Lago is an exclusive venue that enables charities to charge premium ticket prices and draw supporters with significant philanthropic capabilities. With that said, we do not see a viable alternative venue,” CEO Sharon Alexander said in an email. That could leave the organization with ...

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Illinois finally gets a budget — but it's still in big financial trouble

Illinois could become America’s first ‘junk’ state The two-year budget stalemate in Illinois is finally over — but the state’s daunting financial troubles haven’t gone away. Cash-starved Illinois enacted its first budget since 2015 after the House voted on Thursday to override Republican Governor Bruce Rauner’s veto of the plan. The Illinois Senate had previously voted on Tuesday to override the veto from Rauner, who fiercely opposed the 32% tax hike contained in the new budget. The political drama was heightened by a hazmat situation at the Illinois capitol on ...

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Illinois budget crisis pits governor against his wife

Illinois could become America’s first ‘junk’ state The political situation in Illinois is so dysfunctional that even Republican Governor Bruce Rauner and his wife appear to be on different sides right now. An early childhood education foundation run by Diana Rauner put out a statement on Wednesday urging Illinois lawmakers to override her husband’s veto of a budget compromise that would end a two-year stalemate. “We strongly urge the House of Representatives to now follow the Senate in voting to override the governor’s veto,” said a joint statement by the ...

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Samsung Galaxy S8 vs. OnePlus 5: Is a Budget Flagship Good Enough?

A few years ago you had to spend big bucks to get a smartphone that was actually enjoyable to use. Things changed when great unlocked devices like the Moto G and OnePlus One came out. Suddenly, you could have a reliable phone without selling your soul to a carrier. OnePlus has been particularly aggressive moving into the high-end to compete with the likes of Samsung. The OnePlus 5 has much of the same hardware as the Galaxy S8, but it costs hundreds of dollars less. Is it as good, though? ...

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Illinois Senate approves budget package

Illinois could become America’s first ‘junk’ state The Illinois Senate approved a new budget package on Tuesday, bringing the state closer to resolving the crisis it’s currently in. The package includes an increase to the state’s individual income tax rate from 3.75% to 4.95%. It would also increase the rate for corporations to 7%, up from 5.25%. On Sunday, the budget package passed in the Illinois House with bipartisan support. However, Republican Governor Bruce Rauner has said he’ll veto the plan because of the tax increase. “It’s a repeat of ...

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Qualcomm’s New Snapdragon 450 Will Give Budget Phones a Boost

The release of the original Qualcomm Snapdragon 400-series chips was a revelation for midrange smartphones. No more did they have to feel so obviously underpowered and lacking in features. Devices like the Moto G used the Snapdragon 400 to great effect, offering an almost unbelievably inexpensive device with solid performance. The 400 series has been stagnating lately, but Qualcomm is about to give the midrange its biggest boost since that first 400 chip came out. Later this year, the Snapdragon 450 will begin popping up in devices. A system-on-a-chip (SoC) ...

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Powerball and Mega Millions players may fall victim to Illinois budget crisis

What happens when you win the lottery? If the state can’t pay, you can’t play. Illinois lottery officials are warning that if the state legislature doesn’t pass a budget before June 28, they will halt Powerball and Mega Millions ticket sales in the state. Without a budget, there’s no money earmarked to pay lottery winners. Illinois is years into a fiscal crunch, and this isn’t the first time budget gridlock has thrown a wrench into its lottery. In 2015, the state government had to issue IOUs to players who landed ...

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Trump's proposals will balance the budget. Except they won't

Trump’s budget: Spends on defense, slashes safety nets President Trump claims his proposals would balance the budgetin 10 years.Under his blueprint for next year,the federal government would take in more than it spends by 2027, according to White House estimates. You’d think independent fiscal hawks would be ecstatic. They’re not. That’s because Trump’s balanced budget is built on unrealistic assumptions — not to mention proposed spending cuts that would largely come at the expense of the poor, the disabled and children. Too-good-to-be-true growth The White House Budget Office assumes sustained ...

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Investors keep calm; Trump's budget; Take-Two tumbles

Click chart for in-depth premarket data. 1. Mourning for Manchester: A deadly attack outside an Ariana Grande concert at Manchester Arena in the U.K. killed at least 22 people, including children. Manchester Police say the bombing was carried out by a lone suspect who died at the scene, but they are still investigating whether the bomber may have been part of a wider network. It was the worst terror attack in the U.K. since the London bombings in 2005 and came less than three weeks before a general election on ...

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